What will you learn from the land and mortgage register?

Before you decide to buy a house, flat, commercial premises, land or a building, it's worth getting acquainted with the notion of the land and mortgage register, which reveals the rights to the property and any claims.

What is a lifetime book?
Land and mortgage register is a collection of information about the legal status of a given real estate. This official register of property rights ensures the security of real estate transactions and the possible mortgage loan you plan to enlist in a bank. The main purpose of the existence of land and mortgage registers is to determine the legal status of housing, building and ground real estate, as well as limited property rights, such as: cooperative right to business premises, ownership cooperative right to a flat or the right to a single-family house in a housing cooperative. In the land and mortgage register, rights in property, limited property rights, personal rights and potential claims are disclosed. If, for example, you intend to buy land and land, remember that a separate land and mortgage register should be kept for each property, which should be read before the purchase decision. In addition, each land and mortgage register should be accompanied by a land and mortgage register, which consists of documents and letters regarding a particular property. It's also better to get familiar with them.

What is the need for a mortgage register?
Land and mortgage register is a document useful especially when signing a preliminary contract and a proper contract, when we decide to purchase a real property. It allows you to learn about the owners of real estate, real estate - such as address, area or purpose - whether any mortgages that the property is encumbered with, or rights under lease or lease contracts, and which - perhaps - the seller has not informed us. If in the land and mortgage register of the real estate we are planning to acquire, we come across anything that does not give us numbers, which in reality are court references, we should be careful because it may turn out that the data in the land and mortgage register are out of date and the application for their change to court not the owner, but the bailiff, bank, ZUS or Tax Office. In fact, the land and mortgage register may protect us against the purchase of a treasury property, which is often associated with taking a long-term loan.

What sections does the land and mortgage register contain and what can you learn from them?
The land and mortgage register consists of four departments, each of them talking about other, equally important issues. They are:

- Section I - including the property identification and entries of rights related to the property,
- Section II - including entries regarding ownership and perpetual usufruct,
- Section III - including entries regarding limited property rights (except mortgages), entries of restrictions on perpetual usufruct or disposal of real estate, as well as entries of other rights and claims (except those relating to mortgages),
- Section IV - including entries related to mortgages.

The construction of the land and mortgage register is always identical - regardless of whether it concerns a flat, plot, house, premises or building. For more information about land and mortgage registers, see Ksiegi-wieczyste.org .